Settings8H · net · $10k
Funding arb · Price arb /

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Aster+0.090%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2832.828% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.090%, 7d avg −0.038%
Together, before fees−0.100%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.128% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster OPUSDT0.12540.0100pay 0.0100% / 8h2h 14m$205K$210K10x
ShortBingX OP-USDC0.12550.0100get 0.0100% / 8h2h 14m$1.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.090% → −0.038%
$12.77
Slippage, 4 orders
−$264.76
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$269.99
Costs to cover
2.828%
Break-even
never at this rate
Slippage from Aster: live order book, 32 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 32 min ago10.32 bp34.2 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago7.99 bp115.4 bp −$115904.0 bp −$9,0401122.2 bp −$112.2Kdoesn't fit

OP on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1583%1h0.1248−0.469%$34K$59K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1253−0.058%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1255+0.070%$39K$53210xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1253−0.070%$30K$151K25xas long as short
Orderly PERP_OP_USDC+0.0003%8h0.1252−0.150%$59K$142K10xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1253−0.063%150xas long as short
Variational Omni OP+0.0007%8h0.1250−0.290%$222K$46Kas long as short
Bybit OPUSDT+0.0071%8h0.1254+0.034%$18.4M$25.6M75xas long as short
Kraken Futures PF_OPUSD+0.0074%1h0.1254+0.046%$755K$630K20xas long as short
Lighter OP+0.0096%1h0.1255+0.090%$288K$1.0M15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX OP-USDT-SWAP+0.0099%8h0.1255+0.106%$6.1M$29.0M50xas long as short
Hyperliquid OP+0.0100%1h0.1255+0.082%$3.4M$3.0M5xas long as short
Aster OPUSDTlong+0.0100%8h0.1254long leg$205K$210K10x
Binance OPUSDT+0.0100%8h0.1254+0.034%$19.7M$64.2M75xas long as short
Gate OP_USDT+0.0100%8h0.1254+0.018%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1254+0.002%$22.9M$7.7M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1253−0.070%$2.8M$6.4M75xas long as short
Bitget OPUSDT+0.0100%8h0.1255+0.090%$5.8M$6.6M75xas long as short
BingX OP-USDCshort+0.0100%8h0.1255+0.090%$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1253−0.078%$105K$215K10xas long as short
edgeX OPUSDC+0.0100%4h0.1253−0.072%$380K$768K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1254+0.010%$309K$5.4M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1254+0.010%$43K$705K50xas long as short
SoDEX OP-USD+0.0100%1h0.1253−0.078%$202$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1251−0.205%$173K$244K50xas long as short
Extended OP-USD+0.0104%1h0.1253−0.066%$101K$506K25xas long as short
Aevo OP-PERP+0.0104%1h0.1253−0.110%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0160%1h0.1243−0.867%$26K$59K50xas long as short
BloFin OP-USDT+0.0220%8h0.1253−0.110%$986K$306K75xas long as short
Reya OPRUSDPERP+0.0443%1h0.1252−0.178%$69620xas long as short